The global animal wound care market is estimated to grow at a CAGR of 6.7% from 2016 to 2021 to reach USD 1,134.0 Million by 2021. Factors such as rising demand for pet insurance and growing animal health expenditure, growth in the number of veterinary practitioners and rise in their income levels in developed economies, and increasing companion animal population are the major factors driving the growth of the global market. However, increasing pet care costs may hinder the growth of this market to a certain extent.

In this report, the animal wound care market is segmented on the basis of product, animal type, end user, and region. Based on product type, the market is segmented into surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices. In 2015, the surgical wound care products segment dominated the market primarily due to the greater adoption of these products in hospitals and clinics for wound healing, rising incidence of wounds in pets, and increasing number of surgeries. On the basis of animal type, the market is segmented into companion animals and livestock animals. Similarly, on the basis of type of end-user, the market is segmented into veterinary hospitals and clinics and home care.

Geographically, the global animal wound care market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded a major share of the market. The major share of this regional segment is mainly attributed to increasing adoption of pet animals; increasing pet insurance industry and rising animal health expenditure; and growing number of veterinary practitioners (coupled with a growth in their income levels). However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to the presence of a huge number of domesticated animals, such as dogs, chicken, cattle, and pigs; increasing awareness about animal health; and growing per capita animal health expenditure, especially in India and China.

The animal wound care market is expected to witness significant growth in the coming years. The global market is projected to reach USD 1,134.0 Million by 2021 from USD 818.8 Million in 2016, at a CAGR of 6.7% from 2016 to 2021. Factors such as growing population of companion as well as livestock animals; rising demand for pet insurance along with increasing animal healthcare expenditure; and increasing number of veterinary practitioners and their income levels in developed regions are the major drivers for the growth of the market. However, increasing pet care costs are expected to restrain the growth of this market. Emerging markets such as China, India, and Brazil offer significant growth opportunities for the growth of market. Low adoption of advanced wound care products and shortage of vet practitioners in emerging markets are the major market challenges for this industry.

The report analyzes the animal wound care market by product, animal type, end user, and region. On the basis of products, the global market is further segmented into surgical wound care products, advanced wound care products, traditional wound care products, and therapy devices. On the basis of animal type, the global market is segmented into companion animals and livestock animals. Based on the type of end-users, this market is further segmented into hospitals & clinics, and home care.

In 2015, North America dominated the market followed by Europe, Asia-pacific, and Rest of the World. Increasing adoption of pet animals, growing pet insurance industry, and rising veterinary healthcare expenditure are factors driving the growth of this market. On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period. This can be mainly attributed to the presence of huge number of domesticated animals, increasing pet adoption due to progressive urbanization, increasing awareness about animal health, and growing per capita animal health expenditure in this region.

The global animal wound care market is characterized by the presence of a large number of players. Amidst intense market competition, major players are continuously focusing on achieving higher market shares through new product launches, and mergers and acquisitions in the market. The global market is fragmented in nature, with a large number of companies continuously trying to mark their presence. The market is led by B Braun Melsungen AG (Germany), 3M Company (U.S.), Medtronic plc (Ireland), Ethicon Inc. (U.S.), Jorgen Kruuse A/S (Denmark), Bayer AG (Germany), Virbac (France), Neogen Corporation (U.S.), Acelity L.P. Inc. (U.S.), Advancis Veterinary Ltd. (U.K), and Robinson Healthcare Limited (U.K.).

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